Seed Newsvine
Transgender Americans rush to finalize name changes, healthcare proxies and
estate planning before the inauguration
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With their rights threatened, transgender Americans are rushing to get
their financial houses in order.
25 minutes ago
1 comment:
IN THE DARKNESS, STILL .... NOT OUT OF THE WOODS AS YET ; THE EXTREMELY BIG ISSUE is not a NEW ISSUE : ....
The problem with debt is you don't need an actual recession to cause trouble for companies, just the fear of one. Spooked lenders can hike rates on new loans needed to pay off old ones, or cut companies off completely.
For companies issuing those risky junk-rated bonds, that day has already arrived.
A maker of private planes in Kansas saw rates on its bonds jump 40 percent in just a month. And on Wednesday, a shipping company in Florida filed for bankruptcy because it was unable to borrow to pay off old loans.
"They thought, 'We survived that one and we won't have another for 10 years,'" says Martin Fridson, global chief credit strategist at BNP Paribas Investment Partners, speaking of the Great Recession. "But the economy is not out of the woods yet."
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